Armada, MI—48005
Real Estate Data & Market Trends
Key Metrics at a Glance
Home Price Trends — Armada, MI
As of Oct '25, the median home price in Armada, MI is $362,000, with a year-over-year change of 4.4%. This indicates that home prices in Armada, MI are increasing. According to Zillow, the 1-year price projection is 1.4%, suggesting an increase housing market in the next year.
Cost per Home Type
| Home Type | Median Home Value | YoY % Change |
|---|---|---|
All Homes | $362,000 | 4.4% |
| Single Family | $363,000 | 4.0% |
| Condos | N/A | N/A |
Cost per Home Size
| Home Size | Median Home Value | YoY % Change |
|---|---|---|
1 Bed | N/A | N/A |
2 Bed | N/A | N/A |
3 Bed | $385,000 | 3.5% |
4 Bed | $411,000 | 3.0% |
| 5 Bed | N/A | N/A |
% of Housing Stock
Rental Trends — Armada, MI
As of July '25, Rentcast reports the average rent in Armada, MI is $2,250, with a year-over-year rent change of 51.0%. Per bedroom, the median rent as of July '25 in Armada, MI is 3-bedrooms: $2,250. The most common rental property sizes in Armada, MI are 2-bedroom and 3-bedroom, accounting for 62.4% and 30.5% of the rental stock.
| Type | Median Rent | Average Rent |
|---|---|---|
| Average Rent | $2,250 | $2,250 |
| Studio Rent | N/A | N/A |
| 1 Bed Rent | N/A | N/A |
| 2 Bed Rent | N/A | N/A |
| 3 Bed Rent | $2,250 | $2,250 |
| 4 Bed Rent | N/A | N/A |
% of Rental Stock
Property Listings — Armada, MI
As of Oct '25, Realtor.com reports that the median days on market for a home in Armada, MI is 75. This is a increase of 24.0% from last year, suggesting that homes are sitting on the market longer than last year. The percentage of listed homes with a reduced price is 12.0%, representing a small inventory and little supply pressure on home prices.
| Metric | Zip Code Average | Year over Year % Change |
|---|---|---|
Median Listing Price | $498,000 | -4.0% |
Listing Count | 17 | 19.0% |
| Listings as % of Homes | 0.5% | 19.0% |
Days on Market | 75 | 24.0% |
Demographics — Armada, MI
As of the latest ACS Survey released in 2023, Armada, MI has a population of 5,320, which has decreased by -3.4% over the past 5 years. Armada, MI is a moderately popular place for families, as children make up 22.2% of the population. The area has a moderately educated workforce, with 31.1% of adult residents holding a bachelor’s degree or higher. There are some residents working remotely, with 15.6% reporting working from home.
| Metric | Latest Census | YoY % Change |
|---|---|---|
Population | 5,320 | -3.4% |
% Under 18 | 22.2% | 12.7% |
% Seniors | 18.3% | -1.1% |
% WFH | 15.6% | 290.0% |
% w/ College Degree | 31.1% | 62.0% |
As of the latest ACS Survey released in 2023, Armada, MI is a predominantly white area, with 96.2% of the population identifying as white. The white population has grown by 0.9% in the last 5 years. The second most common race or ethnicity in Armada, MI is asian, making up 0.8% of the population. Foreign-born residents account for 1.3% of the population in Armada, MI, and this percentage has decreased by 58.1% as of the ACS Survey 5 years prior, suggesting fewer immigrants are calling the area home.
Race and Ethnicity
| Metric | Latest Census | 5-Year % Change |
|---|---|---|
% White | 96.2% | 0.9% |
% Black | 0.1% | -83.3% |
% Hispanic | 0.7% | -75.0% |
% Asian | 0.8% | 300.0% |
% Foreign Born | 1.3% | -58.1% |
Mortgage and Risk — Armada, MI
According to HUD data as of 2023, there were 131 mortgage originations in Armada, MI, of which 90.0% of loans were conventional mortgages. The average loan-to-value was 50.0%, with 15.0% above 90% LTV (elevated). This implies medium mortgage risk in Armada, MI. Investor activity is low, as 0.0% of loans were by investors. 19.0% of loans were cash-out refinances, suggesting many homeowners are tapping equity.
Mortgages
| Metric | Zip Code Average |
|---|---|
Total Loan Originations | 131 |
% Conventional Loans | 90.0% |
% Government Loans | 10.0% |
% Investor Loans | 0.0% |
% Second Loans | 0.0% |
% Cash Out Refinance | 19.0% |
Loan Activity
Rentals and Section 8 — Armada, MI
Armada, MI lacks sufficient Section 8 program data for analysis.
Section 8 Market Size
Total Units under HUD | 2 |
Total Units Section 8 | 2 |
% Rentals under Section 8 | 1.4% |
% Occupied Section 8 | N/A |
Section 8 Opportunity
| Home Size | HUD Premium | Market Rent | Max HUD Rent |
|---|---|---|---|
| 1 Bedroom | N/A | N/A | $1,010 |
| 2 Bedroom | N/A | N/A | $1,280 |
| 3 Bedroom | -$680 | $2,250 | $1,570 |
| 4 Bedroom | N/A | N/A | $1,700 |
Affordability — Armada, MI
Home Price to Income Ratio
| Metric | Zip Code Average |
|---|---|
| Home Price to Income Ratio | 2.9 |
| Median Home Price | $362,000 |
| Median Household Income | $111,000 |